Company Valuation: KeePer Technical Laboratory Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 79,113 96,300 133,128 111,896 96,884 96,474 - -
Change - 21.72% 38.24% -15.95% -13.42% -0.42% - -
Enterprise Value (EV) 1 78,259 94,118 129,715 107,165 94,461 60,789 80,766 77,926
Change - 20.26% 37.82% -17.38% -11.86% -35.65% -3.45% -3.52%
P/E 38.3x 31.1x 33.6x 25.3x 19.8x 7.54x 15.6x 14.9x
PBR 14.2x 12x 11.9x 7.73x 5.37x 2.95x 3.36x 2.95x
PEG - 0.6x 1.2x 2.2x 1.9x 0x -0.5x 3.35x
Capitalization / Revenue 6.7x 6.71x 7.81x 5.44x 4.2x 2.86x 3.26x 3.13x
EV / Revenue 6.63x 6.56x 7.61x 5.21x 4.09x 2.34x 2.73x 2.53x
EV / EBITDA 23.7x 20.4x - 16.4x 12.3x 7.96x 8.73x 8.03x
EV / EBIT 25.9x 21.8x 23.7x 17.6x 13.3x 8.79x 8.97x 8.03x
EV / FCF 33.2x 50.3x 59.7x 38.5x 49x 4.56x 17.5x 16.8x
FCF Yield 3.01% 1.99% 1.67% 2.6% 2.04% 21.9% 5.7% 5.96%
Dividend per Share 2 20 31 43 50 60 100 100 83
Rate of return 0.69% 0.88% 0.88% 1.22% 1.69% 3.68% 2.83% 2.35%
EPS 2 75.65 113.4 145.1 162 179.1 360.2 227.2 237.3
Distribution rate 26.4% 27.3% 29.6% 30.9% 33.5% 27.8% 44% 35%
Net sales 1 11,801 14,358 17,042 20,574 23,093 25,959 29,600 30,850
EBITDA 1 3,302 4,615 - 6,548 7,657 7,634 9,251 9,702
EBIT 1 3,021 4,326 5,475 6,101 7,099 6,914 9,000 9,700
Net income 1 2,133 3,093 3,957 4,421 4,889 9,830 6,200 6,475
Net Debt 1 -853.9 -2,182 -3,413 -4,731 -2,423 -13,334 -15,708 -18,548
Reference price 2 2,900.00 3,530.00 4,880.00 4,100.00 3,550.00 3,535.00 3,535.00 3,535.00
Nbr of stocks (in thousands) 27,280 27,280 27,280 27,292 27,291 27,291 - -
Announcement Date 8/10/21 8/10/22 8/10/23 8/9/24 8/15/25 8/14/26 - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.52x3.26x10.85x2.83% 618M
19.65x3.63x11.87x1.71% 11.2B
20.32x2.88x10.69x - 5.69B
83.48x1.1x9.35x - 1.75B
17.56x - - 0.82% 401M
13.91x - - 2.03% 227M
-5.16x0.72x4.23x-.--% 180M
Average 22.90x 2.32x 9.40x 1.48% 2.87B
Weighted average by Cap. 24.80x 3.14x 11.19x 1.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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